NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

Petroleum Projects Financials & Risks Analysis Mastery

Program Overview

Oil and gas investment decisions involve large capital, long lead times and deep uncertainty in reserves, prices, costs and schedules. «Petroleum Projects Financials & Risks Analysis Mastery» is an advanced programme on evaluating upstream, midstream and downstream projects: building project cash flow models, applying fiscal terms, calculating NPV, IRR and other economic indicators, estimating capex by maturity class, and quantifying uncertainty with sensitivity, decision trees, Monte Carlo simulation and real options. It also covers portfolio choices, project finance, stage-gate governance through final investment decision and an applied research project.

Learning Outcomes

✓Build a project cash flow model incorporating production profiles, prices, capex, opex and fiscal terms.
✓Calculate NPV, IRR, payback, profitability index and breakeven price for a petroleum project.
✓Assess capex and schedule estimates according to their maturity class and contingency.
✓Quantify uncertainty using decision trees and Monte Carlo simulation and interpret P10, P50 and P90 outcomes.
✓Compare projects within a portfolio using capital efficiency and risk-adjusted metrics.
✓Prepare a final investment decision paper with economics, key risks and mitigation actions.

Target Audience

Petroleum economists and planning engineers
Project finance and investment analysts in energy companies
Project and asset managers in oil and gas
Portfolio and strategy managers

Detailed Program Modules

01Petroleum Project Economics

Project types across upstream, midstream and downstream
Value drivers and economic indicators
Stage-gate decision process

02Cash Flow Modelling

Production profiles and price decks
Capex, opex and abandonment costs
Inflation, escalation and currency

03Fiscal Regimes

Concessions, PSCs and service contracts
Royalties, taxes and government take
Impact of fiscal terms on project returns

04Economic Indicators and Decision Rules

NPV, IRR, payback and profitability index
Breakeven prices and capital efficiency
Discount rates and cost of capital

05Cost and Schedule Estimating

Estimate maturity classes and contingency
Schedule risk and its cost impact
Benchmarking and cost growth history

06Deterministic Risk Analysis

Sensitivity analysis and tornado charts
Scenario analysis for price and volume
Spider plots and breakeven tests

07Probabilistic Risk Analysis

Decision trees and expected monetary value
Monte Carlo simulation for reserves and costs
Interpreting P10, P50 and P90

08Real Options and Portfolio Management

Value of flexibility and phased development
Portfolio optimisation and capital rationing
Risk-adjusted portfolio metrics

09Financing and Commercial Structures

Project finance and lender requirements
Partnerships, farm-outs and risk sharing
Offtake and pricing agreements

10Governance and Applied Research

Final investment decision papers and assurance reviews
Post-investment reviews and lessons learned
Applied research project on project risk evaluation

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants evaluate a petroleum development case: build the cash flow model under a chosen fiscal regime, run sensitivity and Monte Carlo analysis, compare development options with real-options thinking and present an FID recommendation supported by an applied research report.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by Universiti Teknologi Malaysia (UTM) in Petroleum Projects Financials & Risks Analysis Mastery

International accreditation: International Auditors Group (IAG)